Track FR Prelim Private Payrolls q/q to gauge job creation, a key indicator of consumer spending and economic health.
Job creation serves as a key leading indicator for consumer spending, which constitutes a significant portion of overall economic activity. There are two versions of this indicator released about a month apart: Preliminary and Final. Both generally have a limited impact due to the existence of several earlier indicators pertaining to labor conditions in the Eurozone.
What it Measures
This measures the change in employment numbers, excluding the agricultural sector and government positions.
Usual Effect
An 'Actual' value that exceeds the 'Forecast' is favorable for the currency.
Source & Frequency
INSEE (latest release) - https://www.insee.fr/en/accueil • This indicator is released quarterly, approximately 45 days following the end of the quarter.
How Data is Derived
N/A
Also Known As
Non-Farm Employment, Provisional Employment
Acronym
N/A